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Southern Company CEO Fanning Appointed To Atlanta Fed Board

By Cassandra Sweet Of DOW JONES NEWSWIRES Southern Co. (SO) Chief Executive Thomas Fanning has been appointed to the board of directors of the Federal Reserve Bank of Atlanta, the company said Monday. Fanning will serve the remainder of a term that began Jan. 1, 2010, and runs through Dec. 31 of this year. Fanning is a Class C director, appointed by the Fed's board of governors in Washington to represent commerce, industry, agriculture, labor or consumers. Southern Co. received federal approval earlier this month to build the first new U.S. nuclear power plant in decades. The company plans to build two new reactors at the Vogtle site in Georgia near the South Carolina border and is waiting for the Department of Energy to close on an $8.3 billion loan guarantee after the company received a license from the Nuclear Regulatory Commission earlier this month. Southern's Georgia utility has estimated the project will cost more than $6 billion, to be split among the project's owners. Southern, which will own 46% of the new reactors, expects to pay $2.2 billion. Oglethorpe Power, MEAG Power, and Dalton Utilities will own the rest of the project. Energy Secretary Steven Chu said earlier this month that he expected Southern to obtain the loan guarantee after the company got its construction and operating license from the Nuclear Regulatory Commission. -By Cassandra Sweet, Dow Jones Newswires; 415-439-6468; cassandra.sweet@dowjones.com

Stock News for Southern (SO)
DateTimeHeadline
05/26/201616:05:54Current Report Filing (8-k)
05/26/201612:19:00Southern Nuclear wins numerous honors for innovative developments...
05/25/201613:45:00Southern Company elects Larry D. Thompson its lead independent...
05/24/201615:30:00U.S. Energy Secretary Visit Highlights Southern Company's Innovation...
05/24/201614:08:40Current Report Filing (8-k)
05/24/201611:35:00Summer school now in session with Georgia Power
05/24/201611:33:00Southern Company honored as top military employer
05/23/201616:40:00Georgia Power promotes water safety during National Safe Boating...
05/23/201613:57:00Georgia Power Social Media Center opens in Atlanta
05/23/201609:33:00Georgia Power engages 100,000 students in STEM learning
05/20/201617:07:08Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
05/20/201612:00:00Mississippi Power, Origis Energy break ground on new solar energy...
05/20/201606:01:38Free Writing Prospectus - Filing Under Securities Act Rules 163/433...
05/19/201610:03:19Prospectus Filed Pursuant to Rule 424(b)(5) (424b5)
05/17/201616:27:21Additional Proxy Soliciting Materials (definitive) (defa14a)
05/17/201612:54:00Georgia PSC approves 15 percent fuel rate reduction
05/16/201610:33:05Statement of Changes in Beneficial Ownership (4)
05/16/201603:03:00Southern's Clean-Coal Woes Mount -- WSJ
05/15/201622:10:00Woes Mount for Clean-Coal Power Project
05/14/201605:59:00Southern Co.'s Clean-Coal Power Project Woes Mount

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